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LTV 72%

2609 Orange st, Riverside

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Investment Summary

Centrally located Downtown Riverside property with a large lot. Consisting of 3 bedrooms and 2 completely remodeled bathrooms. 

Including new tile, new vanities, and new fixtures, along with a very large family room for you to be creative with, this home has new paint inside and out, new granite counter tops accompanied by brand new cabinets. The carpet and padding were just replaced throughout the home. The tile in the kitchen is also new. Doors have been replaced throughout the property. Garage door was also replaced. There is a new deck on the enclosed patio in the front. Equipped with a pool that was just resurfaced. Newly seeded grass and other upgrades to the landscaping have been done including new pipes for sprinklers, and gates repainted.

$170,000 funded of $170,000

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Q&A Click the question for an answer!

  • Question:

    Please explain the difference in the purchase price cited in the appraisal and what is listed on the offering page.

    Answer by Patch of Land

    The borrower purchased a 50% ownership stake in the subject property for $945,600. On 09/21/2015, the borrower purchased an additional $650,000 of equity, increasing their total ownership stake to 82.5%, in the subject property. This change increased the purchase price to $1,560,240.

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